Italia MIDCAP I

Promoter – Financial Intermediary

Mid-cap companies with up to 3,000 employees intermediated by banks to be approved on a case by case basis by the EIB.

Location

• Italy

Description

Grouped loan for the financing of independent industrial mid-cap companies.

Objectives

Financing via term loans of medium scale investments realised in regional development areas as well as industrial projects in EU priority sectors like I2I and environment.

Comments

Industry.

Sector(s)

• Credit lines

Proposed EIB finance (Approximate amount)

EUR 150 million with a maximum of EUR 25 million for each single project.

Total cost (Approximate amount)

EIB finance will cover up to 50% of total cost for each single project.

Environmental aspects

Complying with EU and national legislation on environmental protection..

Procurement

Complying with EU procurement procedures. For large investments the Bank recommends that international bidding procedures be followed whenever possible, even if EU directives do not apply.

Status

Signed - 16/11/2006